Us Congress 2025-2026 Regular Session

Us Congress House Bill HB2413 Compare Versions

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Old	New	Differences
1	1	I
2	2	119THCONGRESS
3	3	1
4	4	STSESSION H. R. 2413
5	5	To provide for accurate energy appraisals in connection with residential
6	6	mortgage loans, and for other purposes.
7	7	IN THE HOUSE OF REPRESENTATIVES
8	8	MARCH27, 2025
9	9	Mr. C
10	10	ASTENintroduced the following bill; which was referred to the Com-
11	11	mittee on Financial Services, and in addition to the Committee on Vet-
12	12	erans’ Affairs, for a period to be subsequently determined by the Speaker,
13	13	in each case for consideration of such provisions as fall within the juris-
14	14	diction of the committee concerned
15	15	A BILL
16	16	To provide for accurate energy appraisals in connection with
17	17	residential mortgage loans, and for other purposes.
18	18	Be it enacted by the Senate and House of Representa-1
19	19	tives of the United States of America in Congress assembled, 2
20	20	SECTION 1. SHORT TITLE. 3
21	21	This Act may be cited as the ‘‘Getting Renewable and 4
22	22	Energy Efficient Neighborhoods Appraisals Act of 2025’’ 5
23	23	or the ‘‘GREEN Appraisals Act of 2025’’. 6
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26	26	•HR 2413 IH
27	27	SEC. 2. GETTING RENEWABLE AND ENERGY EFFICIENT 1
28	28	NEIGHBORHOODS ACCURATE ENERGY AP-2
29	29	PRAISALS. 3
30	30	(a) D
31	31	ISCLOSURE.—The head of each covered agency 4
32	32	shall require that any creditor to which an application for 5
33	33	a covered loan is made shall provide to the borrower, on 6
34	34	the same date that the creditor delivers or places in the 7
35	35	mail the disclosures described under section 8
36	36	1026.19(e)(1)(iii)(A) of title 12, Code of Federal Regula-9
37	37	tions, for such loan, a written disclosure that includes the 10
38	38	following: 11
39	39	(1) A statement that the prospective borrower 12
40	40	or current homeowner may provide an energy report, 13
41	41	or any information in such report, regarding the 14
42	42	property subject to the covered loan to the creditor 15
43	43	or to a qualified appraiser or other interested party 16
44	44	for consideration during a home appraisal or appli-17
45	45	cation for a covered loan. 18
46	46	(2) A statement that the prospective borrower 19
47	47	under the covered loan has the right to request an 20
48	48	energy report regarding the property subject to the 21
49	49	covered loan. 22
50	50	(3) A statement that, in developing an ap-23
51	51	praisal in connection with such covered loan— 24
52	52	(A) a qualified appraiser will take the in-25
53	53	formation in the report into consideration; and 26
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56	56	•HR 2413 IH
57	57	(B) the appraisers’ final opinion of the 1
58	58	value of the property may be higher, lower, or 2
59	59	no different than if the energy report had not 3
60	60	been available for the appraiser to review. 4
61	61	(4) A statement that, as with any other data 5
62	62	considered by the appraiser that affects the apprais-6
63	63	er’s opinion of the value of a property, consideration 7
64	64	of such data may help or hurt the ability of the pro-8
65	65	spective borrower to obtain a covered loan. 9
66	66	(b) R
67	67	EQUIREDANALYSIS.—In connection with a cov-10
68	68	ered loan, the creditor under such loan shall, in under-11
69	69	writing the loan, use the appraised value of the subject 12
70	70	property value as determined by a qualified appraiser. The 13
71	71	consideration of an energy report by the qualified ap-14
72	72	praiser may not be used as a basis to reject a home ap-15
73	73	praisal or application for a covered loan. 16
74	74	(c) C
75	75	ONSIDERATION OF ENERGYCHARACTERIS-17
76	76	TICS.—On and after March 1, 2026, the head of each cov-18
77	77	ered agency shall require, with respect to any covered loan 19
78	78	for a property for which an energy report is available, that 20
79	79	upon the prospective borrower’s consent the creditor shall 21
80	80	provide the appraiser with the energy report when the ap-22
81	81	praiser receives the assignment, and any underwriting or 23
82	82	verification systems used by the creditor shall accommo-24
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85	85	•HR 2413 IH
86	86	date any appraisal that takes the energy report into con-1
87	87	sideration. 2
88	88	(d) C
89	89	ONSIDERATION OF INFORMATION.—A qualified 3
90	90	appraiser to whom an energy report is provided in connec-4
91	91	tion with a covered loan shall take the information in such 5
92	92	report into consideration when developing an appraised 6
93	93	value of the property. In developing the appraised value 7
94	94	of the property, the qualified appraiser shall take into con-8
95	95	sideration— 9
96	96	(1) the energy efficiency characteristics of the 10
97	97	property for which the report was prepared, any re-11
98	98	newable energy related features of such property, es-12
99	99	timated energy savings for such property, the energy 13
100	100	consumption for such property relative to com-14
101	101	parable homes, or any one or more of such items; 15
102	102	(2) whether such characteristics of the property 16
103	103	are relevant to the market value of the property; and 17
104	104	(3) any additional information, as determined 18
105	105	by the relevant head of a covered agency. 19
106	106	(e) P
107	107	ORTABILITY.—Upon the request of a prospective 20
108	108	borrower under a covered loan, the creditor shall provide 21
109	109	a copy of an energy report with respect to the property, 22
110	110	at no cost, to the prospective borrower. 23
111	111	(f) G
112	112	UIDANCE.— 24
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115	115	•HR 2413 IH
116	116	(1) IN GENERAL.—The heads of the covered 1
117	117	agencies, after consultation with the advisory com-2
118	118	mittee established pursuant to paragraph (2), shall 3
119	119	jointly prescribe guidance for creditors to implement 4
120	120	this section which— 5
121	121	(A) shall confirm the acceptance, by each 6
122	122	of the covered agencies, of all applicable ap-7
123	123	proaches to value utilized by appraisers to dem-8
124	124	onstrate market reaction to energy efficiency 9
125	125	and renewable energy; 10
126	126	(B) shall set forth procedures for consumer 11
127	127	disclosures, the preparation and sharing of en-12
128	128	ergy reports, and the provision of the reports to 13
129	129	qualified appraisers; and 14
130	130	(C) shall not provide for how an appraiser 15
131	131	shall consider information in an energy report. 16
132	132	(2) A
133	133	DVISORY COMMITTEE .—The heads of the 17
134	134	covered agencies shall jointly establish an advisory 18
135	135	committee of stakeholders to advise the heads of the 19
136	136	covered agencies in carrying out this section, which 20
137	137	shall consist of representatives of housing advocates, 21
138	138	energy efficiency and renewable energy organiza-22
139	139	tions, energy raters, home builders, architects, sin-23
140	140	gle-family mortgage creditors, consumer advocates, 24
141	141	appraisers, and other interested groups. 25
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144	144	•HR 2413 IH
145	145	(3) SYSTEMS REQUIREMENTS .—Not later than 1
146	146	the expiration of the 2-year period beginning on the 2
147	147	date of the enactment of this Act, the heads of the 3
148	148	covered agencies shall jointly require a creditor origi-4
149	149	nating a covered loan for which an energy report is 5
150	150	prepared under this section to use origination and 6
151	151	underwriting systems that review, score, or rate ap-7
152	152	praisals in a manner consistent with the creditor 8
153	153	guidance issued pursuant to paragraph (1). 9
154	154	(g) D
155	155	EFINITIONS.—In this section: 10
156	156	(1) C
157	157	OVERED AGENCY .—The term ‘‘covered 11
158	158	agency’’ means— 12
159	159	(A) the Federal Housing Administration of 13
160	160	the Department of Housing and Urban Devel-14
161	161	opment; 15
162	162	(B) the Federal Housing Finance Agency, 16
163	163	to the extent that such Agency oversees and 17
164	164	regulates the enterprises, as such term is de-18
165	165	fined in section 1303 of the Federal Housing 19
166	166	Enterprises Financial Safety and Soundness 20
167	167	Act of 1992 (12 U.S.C. 4502); except that any 21
168	168	requirement imposed by this section on such 22
169	169	Agency or the Director of such Agency shall be 23
170	170	treated as a requirement with respect to the 24
171	171	Federal National Mortgage Association and the 25
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174	174	•HR 2413 IH
175	175	Federal Home Loan Mortgage Corporation, to 1
176	176	be imposed and enforced pursuant to the au-2
177	177	thority of such Director and Agency to super-3
178	178	vise and regulate such enterprises; 4
179	179	(C) the Government National Mortgage 5
180	180	Association; 6
181	181	(D) the Rural Housing Service of the De-7
182	182	partment of Agriculture; and 8
183	183	(E) the Department of Veterans Affairs. 9
184	184	(2) C
185	185	OVERED LOAN.—The term ‘‘covered loan’’ 10
186	186	means a residential mortgage loan (as such term is 11
187	187	defined in section 103 of the Truth in Lending Act 12
188	188	(15 U.S.C. 1602)) that is made, insured, purchased, 13
189	189	guaranteed, or securitized by a covered agency or in-14
190	190	tended to be purchased, guaranteed, or securitized 15
191	191	by a covered agency. 16
192	192	(3) C
193	193	REDITOR.—The term ‘‘creditor’’ has the 17
194	194	meaning given such term in section 103 of the 18
195	195	Truth in Lending Act (15 U.S.C. 1602). 19
196	196	(4) E
197	197	NERGY REPORT.—The term ‘‘energy re-20
198	198	port’’ means, with respect to a property, an analysis 21
199	199	that— 22
200	200	(A)(i) details the energy-related features in 23
201	201	the home; 24
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205	205	(ii) estimates the expected energy costs or 1
206	206	energy savings specific to the property, or both, 2
207	207	based on specific information about the prop-3
208	208	erty; or 4
209	209	(iii) complies with both clauses (i) and (ii); 5
210	210	(B) estimates the expected energy gen-6
211	211	erated from installed renewable energy features; 7
212	212	and 8
213	213	(C) is conducted— 9
214	214	(i) in accordance with the guidance 10
215	215	issued under this section; 11
216	216	(ii) in accordance with HERS by an 12
217	217	individual certified by the Residential En-13
218	218	ergy Service Network, unless the Secretary 14
219	219	finds that the use of HERS does not fur-15
220	220	ther the purposes of this section; 16
221	221	(iii) by the Department of Energy’s 17
222	222	Home Energy Score; or 18
223	223	(iv) by other methods approved by the 19
224	224	Secretary, in consultation with the Sec-20
225	225	retary of Energy and the advisory com-21
226	226	mittee established pursuant to subsection 22
227	227	(f)(2), for use under this section, which 23
228	228	shall include a quality assurance procedure 24
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232	232	approved by the Secretary, in consultation 1
233	233	with the Secretary of Energy. 2
234	234	(5) H
235	235	ERS.—The term ‘‘HERS’’ means the 3
236	236	Home Energy Rating System of the Residential En-4
237	237	ergy Service Network. 5
238	238	(6) Q
239	239	UALIFIED APPRAISER.—The term ‘‘quali-6
240	240	fied appraiser’’ means an appraiser who, with re-7
241	241	spect to the assignment to conduct an appraisal— 8
242	242	(A) is licensed, qualified, or certified to 9
243	243	conduct an appraisal in the State in which the 10
244	244	property is located; 11
245	245	(B) has completed a course of 7 or more 12
246	246	hours of continuing education on the consider-13
247	247	ation of energy reports in the appraisal process, 14
248	248	which course— 15
249	249	(i) includes case studies; 16
250	250	(ii) includes an examination, which 17
251	251	the appraiser has passed; and 18
252	252	(iii) was submitted to, and approved 19
253	253	by, the Appraiser Qualification Board of 20
254	254	the Appraisal Foundation through its 21
255	255	Course Approval Program; and 22
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259	259	(C) is, at the time of agreeing to perform 1
260	260	the assignment, competent to perform the as-2
261	261	signment. 3
262	262	Æ
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